EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 7,235 shares of the company's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $11.22, for a total value of $81,176.70. Following the completion of the sale, the chief executive officer now owns 7,898,225 shares of the company's stock, valued at approximately $88,618,084.50. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total value of $85,488.70.
- On Thursday, December 12th, Eric Richard Remer sold 4,464 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total transaction of $53,835.84.
- On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The stock was sold at an average price of $11.90, for a total transaction of $113,764.00.
- On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total transaction of $121,109.76.
- On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The stock was sold at an average price of $11.03, for a total transaction of $97,262.54.
- On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The shares were sold at an average price of $11.04, for a total value of $145,728.00.
- On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The stock was sold at an average price of $12.01, for a total value of $106,492.67.
- On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The stock was sold at an average price of $11.73, for a total value of $212,805.66.
- On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The shares were sold at an average price of $10.97, for a total value of $119,243.90.
- On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The stock was sold at an average price of $10.57, for a total value of $53,537.05.
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NASDAQ EVCM opened at $11.18 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.35. The firm's fifty day simple moving average is $11.36 and its 200-day simple moving average is $10.83. The company has a market capitalization of $2.05 billion, a PE ratio of -39.93 and a beta of 1.12.
EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $176.26 million during the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm's quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On EverCommerce
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in EverCommerce in the third quarter worth approximately $107,000. The Manufacturers Life Insurance Company lifted its stake in shares of EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company's stock valued at $125,000 after purchasing an additional 1,089 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company's stock worth $182,000 after purchasing an additional 2,700 shares in the last quarter. RIA Advisory Group LLC acquired a new position in EverCommerce during the third quarter worth $241,000. Finally, Barclays PLC raised its holdings in EverCommerce by 305.6% during the third quarter. Barclays PLC now owns 29,677 shares of the company's stock valued at $307,000 after buying an additional 22,360 shares in the last quarter. Institutional investors own 97.91% of the company's stock.
Analyst Upgrades and Downgrades
EVCM has been the subject of several recent analyst reports. JMP Securities raised their target price on shares of EverCommerce from $12.00 to $15.00 and gave the stock a "market outperform" rating in a report on Wednesday, November 13th. Barclays raised their price objective on shares of EverCommerce from $9.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Piper Sandler boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Royal Bank of Canada raised their target price on EverCommerce from $12.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, Oppenheimer upped their price target on EverCommerce from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, EverCommerce presently has a consensus rating of "Moderate Buy" and an average price target of $12.56.
Check Out Our Latest Stock Analysis on EVCM
About EverCommerce
(
Get Free Report)
EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company's solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.
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